Monday Morning Coffee with TradingMarkets

Good Morning!

Stocks in Asia Rally on G7 Optimism ... U.K. Takes Stake in Four Major Banks ... Europeans Back Banks Refinancing ... GM, Chrysler Merger Considered ... Earnings This Week: INTC, JPM, WFC, C, EBAY, GOOG

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TradingMarkets 7 Stocks You Need to Know for Monday

Here are 7 stocks for traders for Monday from TradingMarkets.com:

• Concerns over the weakening economy led Macy's (M | Quote | Chart | News | PowerRating) to warn that annual profits might be lower than previously forecast. At its lowest on Friday, the stock was off by more than 9%.
  
  
• Among those financial stocks rebounding on Friday were shares of Wachovia (WB | Quote | Chart | News | PowerRating), up more than 34%.
  
  
• Johnson & Johnson [JNJ | Quote | Chart | News | PowerRating] reports earnings Tuesday morning before the bell. Analysts are expecting EPS of 1.12.
  
  
• Traders worried that Morgan Stanley (MS | Quote | Chart | News | PowerRating) might face a cut in its credit rating by Moody's sent shares of the stock lower by more than 20%.
  
  
• Reporting earnings before the market opens on Tuesday, PepsiCo (PEP | Quote | Chart | News | PowerRating) is expected to announce EPS of 1.08.
  
  
• Falling oil prices led to lower prices for major oil service company like Exxon-Mobil (XOM | Quote | Chart | News | PowerRating), which lost more than 8% on Friday.
  
  
• Capital One Financial (COF | Quote | Chart | News | PowerRating) announced on Friday that it would no longer provide inventory financing to automobile dealers in New York and New Jersey.

For a list of today's highest PowerRating stocks, click here.

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